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Dropbox IPO: What does it mean to be a 'secret' IPO?

Cloud storage service Dropbox has been around for over a decade. Normally, when a company of this size and magnitude has been around for this long, rumors start swirling about the possibility of it going public. We’ve heard many such rumors over the past few years and now it finally appears to be happening. According to a new report, the Dropbox IPO filing has been made confidentially with the relevant authorities. Bloomberg reports that the Dropbox file-sharing private company is currently valued at $10 billion and it has now filed confidentially for an initial public offering in the United States. Goldman Sachs and JPMorgan Chase & Co are said to be leading this potential listing. Other banks may be brought on board to fill additional rolls on the IPO.Dropbox is reportedly aiming to list in the first half of this year. There has been no official confirmation about this just yet, either from Dropbox or Goldman Sachs and JPMorgan for that matter.It’s without a doubt one of the most highly a